Outstanding cheques
A) have been subtracted on the bank records but not the chequebook records.
B) have not been presented to the bank for payment and have not been subtracted from the company's ledger account.
C) have not been presented to the bank for payment but have been subtracted in the ledger account.
D) have been returned to the business for nonpayment.

Question

Quizplus · Accepted Answer

Outstanding cheques are those that have been written and recorded in the company's ledger account but have not yet been presented to the bank for payment.

Outstanding Cheques